3 ms·
This is ridiculous, there are many cities where it’s vastly cheaper to rent than to own. Look at London or Barcelona for example. Landlords in these cities ar
by rosndo 5y ago
This is ridiculous, there are many cities where it’s
vastly cheaper to rent than to own.
Look at London or Barcelona for example. Landlords in these cities aren’t hoping to come anywhere near covering their mortgages with rent payments, they are hoping to profit from real estate appreciation.
This is really basic economics, it’s incredible to see people railing against this on HN. Even the home-ownership obsessed US is full of cities where it’s a vastly better financial decision to rent instead of buying.
- tigershark 5y agoI live and own an house in London. Rents are absolutely crazy here, you have no idea what you are speaking about.
- rosndo 5y agoOh please, I pay 6000GBP a month for my apartment. I know all about crazy rents, I also know that the purchase price would be disproportionally high compared to the rent I’m paying. Most landlords here are betting on property values continuing to grow, they’ll never turn a profit on rents.